The United States prohibits its individuals or entities from paying tolls for the Strait of Hormuz to Iran.

robot
Abstract generation in progress

Golden Finance reports that on April 29, an explanatory document released on April 28 by the U.S. Office of Foreign Assets Control, a department under the U.S. Treasury, said that the United States bans its individuals or entities from paying the Strait of Hormuz security transit fees to Iran. The document said that, including U.S. individuals, U.S. financial institutions, and any foreign entities that are owned by or controlled by the United States, no party may directly or indirectly pay the Strait of Hormuz security transit fees to the Iranian government or Iran’s Islamic Revolutionary Guard Corps. The Office of Foreign Assets Control said that it would also pose significant sanctions risks if non-U.S. individuals or entities pay the Strait of Hormuz security transit fees to Iran. Since the U.S. has imposed related sanctions on the Iranian government and Iran’s Islamic Revolutionary Guard Corps on the grounds of nuclear nonproliferation and counterterrorism, foreign financial institutions and other non-U.S. individuals or entities that carry out certain transactions or engage in certain activities with sanctioned targets will face sanctions risks. Transactions involving some sectors of the Iranian economy may also expose foreign individuals or entities to sanctions risks. That day, the Office of Foreign Assets Control also added 17 foreign individuals and 18 foreign entities to an Iran-related sanctions list. ( Xinhua News Agency )

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments